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MVC Capital in financing deal

April

10

MVC Capital Inc., a Purchase-based company that invests in small businesses, said it has made a $14 million investment in Genevac U.S. Holdings Inc. to finance the purchase of Genevac Ltd. by Riverlake Partners LLC of Portland, Ore., a private equity firm. Genevac Ltd. makes high-performance solvent evaporation systems for drug discovery, molecular biology and life science research. Riverlake will merge Genevac into SP Industries Inc., a company it owns. MVC Capital is a lender to SP Industries, a maker of laboratory equipment.

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.